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lumpsum contract

former_member242887
Participant
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Dear Experts;

i want to make a lump sum contract with certain value and pay for vendor based his work percentage completion.

example: make contract with value 100000$ when vendor complete 25% of his work i'll pay him 25% of 100000%

your help will be appreciated.

thanks in advance

Accepted Solutions (1)

Accepted Solutions (1)

BijayKumarBarik
Active Contributor
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Hi,

Yes, you can pay partial payment to your vendor in t.code: F-53.

Use t.code:F-53, Enter the Document date, Posting date, Co.Code, Currency and Account(as out going payment of G/L account), enter partial amount which you want pay in amount field in Bank Data and Account field enter your  Vendor name  in Open Item selection.Now click Process Open Item at the top(left side) & in next Screen,Select Partial Payment TAB and deactivate all the line items and only activate the line item(which you want pay) and click the partial amount TAB and see that amount you entered and assigned is same in the bottom.Now again go to menu, click document-> Simulate, you will have accounting entries,check and save. 

But for your example, you can go for any one option:

Option-1:Can create a value contract(ME31) with value 100000$ for your vendor.Now creates release order(ME21N) WRT to contract of 25%, do service entry sheet(ML81N) WRT release order, do

invoice verification(MIRO) WRT service entry sheet and finally pay to vendor(F-53)

Option-2:Can create service order(ME21N) with value 100000$ for your vendor.Once vendor completes 25% of his work,you can do service entry sheet(ML81N) of  25% WRT service order, do

invoice verification(MIRO) WRT service entry sheet and finally pay to vendor(F-53).

Regards,

Biju K

former_member215582
Contributor
0 Kudos

Other option is to create framework PO with account assignment category, in  the invoice tab, you can use invoicing plan (either partial invoice plan or milestone invoice plan) where you can specified % of the overall value paid at certain time period or milestone completion.

Answers (4)

Answers (4)

Former Member
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Better to use Framework Orders With Services. Use Limits B.

When ever you are making the service Payment remove the GR Tick in Details Tab of PO WRT to contract.

Then make MIRO against the vendor Partially whenever the work gets completed.

Thanks,

Shiva

former_member242887
Participant
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thank you for your reply, but is there a way to pay for vendor using percentage of total value ?

Former Member
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you can create a service contract with overall value 1,00,000 Rs. and then whenever required you can create release orders against the service contract and in that release order you can mention the qty of services to be performed, based on his actual performed services you can do Service Entry Sheet in ML81N, and based on SES you can pay to vendor.

Also you can use Limit PO with item category B.

kunal_ingale
Active Contributor
0 Kudos

Hi ,

you can use the purchase order with limits in which you can directly do the invoicing for the vendor.

Search on net for the process for PO with limits

in this case you can specify the the total amount of project or contract and according to the completion just create the invoice ,

Regards

Kunal